In Preparing a Spreadsheet for a Cost-Volume-Profit Analysis, Which of the Following

question 18

Multiple Choice

In preparing a spreadsheet for a cost-volume-profit analysis, which of the following is not needed as an input?

• A)Total cost (TC)
• B)Fixed cost (FC)
• C)Variable cost (VC)
• D)Sales revenue (SR)

---

Definitions:

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or expectations.

Social Loafing

The phenomenon where individuals exert less effort when working in a group compared to when working alone, due to perceived diffusion of responsibility.

Groupthink

Groupthink is a psychological phenomenon where the desire for harmony and conformity within a group leads to irrational or dysfunctional decision-making outcomes.

Democratic

Relating to or supporting democracy or its principles, where power is vested in the people and exercised directly by them or by their elected agents under a free electoral system.